Tuesday, June 10, 2025

Central Bank

Central Bank bans insurance provider from issuing new policies due to violations

The Central Bank of the UAE (CBUAE) on Wednesday said it had prohibited a Takaful insurer from issuing or concluding new motor and health insurance contracts for violating the laws. The ban includes renewals as well, according to a statement...

Central Bank of UAE to Auction Treasury Bonds Worth AED 19.5 Billion

The Central Bank of the UAE (CBUAE) has announced an upcoming auction of Monetary Bills (M-Bills) scheduled for 19th August 2024. The auction will feature four separate issues of M-Bills Treasury bonds, with a total offering of up to AED...

UAE banks’ investments exceed 660 billion dirhams for the first time in its history

Data issued by the Central Bank showed that bank investments grew by 21.1% on an annual basis, reaching 664.4 billion dirhams in March 2024. Investments made Banks operating in the United Arab Emirates A new historical achievement by exceeding the...

The UAE Central Bank approves the (Digital Dirham) project

The Emirates Central Bank discussed the launch of the digital dirham project in the Emirates, in addition to strengthening the electronic payment structure with Jeon, providing instant payment solutions easily through the Annie platform, and discussing the open financing...

Saudi Arabia licenses 11 electronic money companies

The Central Bank of Saudi Arabia (SAMA) announced the launch of draft rules for opening electronic wallets to request public input male Central Bank of Saudi Arabia (SAMA)The number of electronic money companies licensed to provide electronic wallets in Saudi...

Central Bank of Saudi Arabia hosts a regional meeting to discuss reserves management

This meeting is considered a platform for exchanging knowledge and experiences between experts and specialists in the field of financial policies. Discussions during the meeting are expected to include in-depth analyzes of the current status of reserve management and...

Gold achieves new record high supported by central bank purchases

The European Central Bank is expected to keep interest rates unchanged, which may contribute to continued rise in gold prices. In anticipation of the release of important economic data and a decision on interest rates from the European Central Bank,...

Central Bank of Egypt issues regulations governing financing lease activity

The Central Bank of Egypt (CBE) has issued some regulations governing the financing provided by the banks to the financing lease firms, Al Mal News reported, citing the (CBE). As per the new regulations, the total direct and indirect credit...

Latest News

Abu Dhabi Police announce military job vacancies for Emiratis

Abu Dhabi: The General Command of Abu Dhabi Police has announced job vacancies in the military field, including positions...

Dubai: Are tenants allowed to make temporary changes in rental property?

Question: I'm renting a two-bedroom apartment in Dubai, and my two children currently share one of the rooms, I would like to divide their...

UAE: Can employees request to add annual salary increment clause in employment contract?

Question: I am currently employed at a mainland Dubai company that offers bonuses, annual salary increases, and other benefits. I’ve received a job offer...

Pakistan govt begins cancelling passports of deportees

Over 7,800 Pakistanis were deported from 2019 to 2025 for different charges. Photo: Reuters Pakistan's government has initiated cancelling the passports of deportees due to...

Eid Al Adha 2025: Rains hit some parts of UAE as residents celebrate start of holiday

As residents of the UAE celebrate the beginning of the Eid holiday, they were greeted with a welcome break from the rising heat, as...